I don't think Zelle is real time. I'm curious if it's the same working group for RTP that was behind Zelle.
Zelle is roughly real time.
It is owned by the same company doing RTP.
Not correct .
RTP is from theclearinghouse and Zelle is from clearexchange.
Zelle came from a mix of banks trying to address only P2P scenarios.
RTP goes beyond to B2C and all other combinations .
Zelle is owned by Early Warning Systems, a wholely owned subsidiary of the top 7 banks in the US. The Clearing House is a joint venture by the top 25 banks in the US.
Clearexchange was purchased by EWS a few years ago.
The times I’ve used Zelle to send money, it has been real-time.
Once I've sent money to someone a few times it's typically instant, but it isn't always.